For older drivers, one of the more important factors that aid in calculating the price you pay for insurance is where you keep your car in New Orleans. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.
The following table ranks the highest-priced areas in Louisiana for drivers over age 70 to buy an auto insurance policy in. New Orleans makes the list at #1 with a yearly premium of $2,914 for the average policy, which is around $243 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | New Orleans | $2,914 |
| 2 | Harvey | $2,589 |
| 3 | Terrytown | $2,480 |
| 4 | Marrero | $2,469 |
| 5 | Baton Rouge | $2,231 |
| 6 | Kenner | $2,225 |
| 7 | Shenandoah | $2,204 |
| 8 | Central | $2,201 |
| 9 | Metairie | $2,188 |
| 10 | Prairieville | $2,105 |
| 11 | Alexandria | $2,054 |
| 12 | Laplace | $2,051 |
| 13 | Hammond | $2,044 |
| 14 | Slidell | $1,957 |
| 15 | Lafayette | $1,936 |
| 16 | Lake Charles | $1,934 |
| 17 | Monroe | $1,911 |
| 18 | Sulphur | $1,896 |
| 19 | New Iberia | $1,852 |
| 20 | Shreveport | $1,838 |
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Information shown are estimated as zip code location can impact price quotes greatly.
The vehicle you are trying to insure is probably the biggest factor that determines if you can find the best coverage for drivers over age 70. Vehicles with high performance engines, poor safety ratings, or a history of substantial liability claims will cost much more to insure than more modest models. The next list illustrates coverage costs for the most economical vehicles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $2,594 |
| Honda CR-V EX-L 4WD | $2,639 |
| Toyota Prius | $2,844 |
| Ford F-150 STX Regular Cab 2WD | $2,865 |
| Ford Explorer Eddie Bauer 2WD | $2,909 |
| Ford Edge SEL AWD | $3,029 |
| Honda Odyssey EX W/Rear Entertainment | $3,034 |
| Toyota RAV4 Limited 4WD | $3,073 |
| Jeep Grand Cherokee Laredo 4WD | $3,078 |
| Chevrolet Equinox LT AWD | $3,073 |
| Volkswagen Jetta S 4-Dr Sedan | $3,078 |
| Toyota Tacoma Double Cab 4WD | $3,073 |
| Chevrolet Malibu Hybrid | $3,078 |
| Dodge Grand Caravan Crew | $3,114 |
| Ford Focus SEL 4-Dr Sedan | $3,193 |
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Prices above based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in specific location information which can affect insurance rates greatly.
By looking at the data, we can conclude that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, Ford F-150, and Ford Explorer are likely to be a few of the most budget-friendly vehicles to insure for older drivers. Car insurance rates will be more costly just because there is more claim risk for drivers over age 70, but overall those models will tend to have the lowest insurance prices that you are likely to find.
The information below shows how choosing a deductible can increase or decrease insurance premiums when researching cheap insurance for drivers over age 70. Data assumes a single female driver, comp and collision included, and no other discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower rates by $422 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $636 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, have the ability to save as much as $934 annually by using higher deductibles when buying full coverage.
When choosing a higher deductible, it is important to have enough funds in savings to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Insuring your vehicle with the top auto insurance company can be challenging considering how many companies sell insurance in Louisiana. The ranking data below could help you analyze which companies to look at when comparing insurance rates for drivers over age 70.
These ratings are only made up of large nationwide companies, so companies that focus mainly on Louisiana business are not taken into consideration for this list. If you would like to check rates from these companies and more, follow this link.
Top 10 Large Auto Insurance Companies in New Orleans Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
- GEICO – 87%
- 21st Century – 84%
Top 10 Large Auto Insurance Companies in New Orleans Ranked by Customer Service
- USAA
- Safeco Insurance
- AAA Insurance
- State Farm
- Progressive
- The Hartford
- The General
- Esurance
- GEICO
- Liberty Mutual
Get discounts on New Orleans auto insurance rates
Car insurance companies that offer cheap quotes for drivers over age 70 may additionally offer premium discounts that could reduce prices by 40% or more if you meet specific criteria. A list of companies and some of the premium reductions they offer are included below.
- State Farm has discounts for good student, Steer Clear safe driver discount, good driver, student away at school, accident-free, and anti-theft.
- Liberty Mutual discounts include teen driver discount, multi-car, preferred payment discount, safety features, newly married, new graduate, and good student.
- American Family includes discounts for good student, mySafetyValet, Steer into Savings, good driver, accident-free, and TimeAway discount.
- Progressive offers discounts including good student, online quote discount, multi-vehicle, multi-policy, and continuous coverage.
- Farmers Insurance may include discounts for multi-car, youthful driver, mature driver, switch companies, teen driver, and bundle discounts.
- Auto-Owners Insurance has savings for good student, company car, paperless, safe vehicle, multi-policy, and anti-theft.
- SAFECO may have discounts that include bundle discounts, homeowner, drive less, anti-lock brakes, and anti-theft.
The chart below shows the comparison of premium costs with and without discounts applied to the premium. The costs are based on a female driver, no violations or claims, Louisiana state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multiple policy, multiple vehicle, anti-theft, accident-free, and passive restraint discounts applied. When these discounts are applied, theaverage amount saved on car insurance for drivers over age 70 is 28% or $861.